Credit card companies often offer Rewards programs to cardholders as an
incentive to have them apply for their cards and to charge more each month
once they get the card. For every dollar spent, credit cardholders will
usually receive 1, 2, or 3 points-depending on the purchase. These points
can be redeemed in the future for airplane travel, hotel stays, luxury
items, or even cash back. These programs have become increasingly common
in recent years and nearly every credit card company offers one.
Chase, however, is facing a class action lawsuit due to their Chase Rewards
program. The class action lawsuit alleges that Chase lured consumers into
signing up for and using their credit card with the promise that the points
they accumulated would never expire. Yet hundreds of consumers found that
suddenly their credit card was inexplicably terminated-even though their
accounts were not in default and the cardholders never missed a payment.
When Chase terminated the accounts, cardholders suddenly found that their
Reward points were revoked and they were not compensated for this loss.
There are thousands of members in this class action lawsuit and more will
be added in the upcoming months. The Plaintiffs allege that Chase engaged
in unfair trade practices, breach of cardholder agreement, and breach
of the covenant of good faith and fair dealing.
Businesses, banks, and corporations, like Chase, often resort to deceptive
advertising, unfair trade practices, or unlawful tactics to increase profits.
Cancelling a credit card account and revoking reward points is just one
example of the tactics these companies resort to at the expense of their
Consumers who have lost their Rewards points after their account was terminated
through no fault of their own may be able to take part in the class action
lawsuit. Class action lawsuits allow consumers to band together to take
on large corporations or greedy financial institutions and hold them accountable
for their transgressions.
At Golomb & Honik, our national class action lawyers have the experience
and the resources needed to tackle large class action cases. Time and
time again, our lawyers have successfully defended consumers from “big
business” and consumer fraud and recovered hundreds of millions
of dollars in verdicts and settlements.
National Class Action Lawyers
If you or someone you love has lost Chase Rewards points or rewards points
from another credit card company after your account was inexplicably cancelled,
you may be able to take part in the class action lawsuit that is currently
pending. To learn more about your legal options or to schedule a free
consultation call the
Philadelphia class action lawyers at Golomb & Honik today at
1-215-985-9177 or fill out our confidential
The national class action lawyers at Golomb & Honik have successfully
represented individuals in Philadelphia, Pennsylvania, New Jersey, and
throughout the United States.